Franklin BSP Realty Trust, Inc. Announces Third Quarter 2026 Dividends and Reauthorization of $50 Million Share Repurchase Program
FBRT declared a third quarter 2026 dividend of $0.20 per common share, payable on or about October 13, 2026 to holders of record September 30, and a $0.46875 per-share dividend on its 7.50% Series E preferred stock. The board also reauthorized the share repurchase program with $50.0 million of capacity through December 31, 2026. Between July 1 and September 9, FBRT repurchased 6,118,287 shares at a net average price of $8.23 — roughly $50 million, effectively exhausting the prior authorization. CFO Jerry Baglien said repurchases remain an attractive use of capital at current trading levels, an explicit signal management sees the stock as undervalued.
Key figures
- Total assets
- 6400000000
- Buyback window
- through December 31, 2026
- Shares repurchased
- 6118287
- Avg repurchase price
- 8.23
- Buyback authorization usd
- 50000000
- Common dividend per share
- 0.2
- Series e preferred dividend per share
- 0.46875
AI analysis
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